Teymur

Teymur is a 30-year-old man who has been engaged in cattle breeding and milk product sales for the last five years. He is an IDP (internally displaced person) and lives with his wife and two children in Bilasuvar IDP Settlement. His wife helps him to look after cattle, and she makes homemade yogurt. Teymur`s profit from the business is 230 AZN.

Milk is a very popular drink among local people. They prepare different products from it, such as yogurt and cheese. Dairy products are in high demand because of their health benefits. Regardless of difficulties in raising cattle, Teymur is a very positive man and is doing this business by heart.

Teymur has applied for a loan of 2,000 AZN from Aqroinvest in order to buy more calves. He has plans of expanding the business to meet the high potential of milk in the market. This is his third extension of credit. He has a good loan history. Teymur appreciates your support .

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities.

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.